In the announcement issued by the company, it was said that Honda Atlas Car is continuing to open its production plant from this week.
In this regard, the company has written a letter to the Pakistan Stock Exchange stating that the company has decided to provide trade finance facility for the supply chain.
Honda Atlas Company had decided to temporarily close its production plant till May 15.
Earlier in April as well, the Honda Atlas Company had announced a fifteen-day extension of its longest plant shutdown, citing the country’s economic crisis as blocking letters of credit (LCs) for imports and foreign payments. was given.
Initially, the company had announced the closure of the plant for 23 days on March 8, which was expected to end by March 31, but after that, the closure of the plant was extended till April 15.
In a notice to the Pakistan Stock Exchange, the unit of Honda Motor Company Limited said that the company is not in a position to continue production and therefore will keep the plant closed from April 16, 2023 to April 30, 2023.